Month: March 2019

The Federal Reserve rate hike in 2018 created a positive environment for investors in the financial sector and it has boosted financial stocks. The higher the interest rate, the wider the rate spread and the bigger the profit margin for banks and credit card companies. U.S. Financials, especially Bank of America (NYSE: BAC) and Citigroup (NYSE:C)
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Check out the companies making headlines midday Monday: Boeing — Boeing shares slipped more than 2 percent after The Wall Street Journal reported that federal prosecutors and the Department of Transportation are scrutinizing the development of the company’s 737 Max jets. An Ethiopian Airlines flight involving the 737 Max 8 crashed on March 10. Facebook
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Amid the big, broad rally in tech stocks in 2019, one not-so-insignificant factoid that has been largely swept under the rug is that the godfather of all tech stocks, Amazon (NASDAQ:AMZN), has actually been a laggard this year. Source: Shutterstock So far this year, Amazon stock is up 12%. That’s good. But it’s below average.
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J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
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